2012 Retail Fuel Prices

President Regulation No. 15 of 2012 on Retail Prices and Consumers of Specified Fuels (“Regulation”) was issued by the Government to increase the efficiency of the National Budget, and to increase the precision of subsidy allocations. Pursuant to Article 2 of the Regulation, specified fuels include Kerosene, Gasoline (RON 88), and Diesel, as well as any other fuel that has the same standards and quality and has been approved by the Minister of Energy and Mineral Resources....